SBIN Stock Shows Impressive bearish Momentum with -2.59% Movement on Jan 21, 2025

    Date:  Jan 21, 2025 (Tuesday)
    
    open  :  ₹784.80
    close :  ₹759.05
    low   :  ₹756.05
    high  :  ₹784.90 
    
    previous close:  ₹779.25 
    

On Jan 21, 2025 (Tuesday), STATE BANK OF INDIA (SBIN) in the Financial Services sector showed bearish momentum of -2.59% relative to previous day's close. The stock belongs to the Banking industry within the Financial Services sector.

At the opening bell, the stock started with a minor gap up at ₹784.80, compared to the previous close of ₹779.25 (a minor gap up of 0.71%).

STATE BANK OF INDIA which is a Large-Cap stock hit a high of ₹784.90 and a low of ₹756.05, creating a trading range of ₹28.85. The price movement for the day was -3.28% lower than the opening price.

During the day's session, the STATE BANK OF INDIA traded 13,749,757 shares, showing a modest 11.63% change compared to the average of 12,316,826 shares. This indicates a fairly typical level of market activity, with no major deviations from average trading volume.

The stock showed moderate volatility (3.80%) with movement between ₹756.05 and ₹784.90.

If we look at the last 30 days daily chart, the stock has been in an uptrend, but today's close < open forms a bearish candle, going against the trend and hinting at selling pressure or potential weakness in the uptrend.